Printer Friendly

ARTISOFT ANNOUNCES SECONDARY STOCK OFFERING

 ARTISOFT ANNOUNCES SECONDARY STOCK OFFERING
 TUCSON, Ariz., Feb. 5 /PRNewswire/ -- Artisoft Inc. (NASDAQ: ASFT)


today announced a secondary public offering of 1,500,000 shares of its common stock. The stock, which is priced at $31.50 per share, was sold by an underwriting group consisting of Alex, Brown & Sons, Bear, Stearns & Co. Inc. and Montgomery Securities. The stock is presently outstanding and proceeds of the sale will go to the selling stockholders.
 Artisoft Inc. develops, manufactures and distributes software and hardware products for local area networks of IBM personal computers and compatibles. The company's initial public offering of common stock was in September 1991 when 5 million shares were sold. There are now approximately 17,141,400 shares outstanding.
 -0- 2/5/92
 /CONTACT: Bob Fitzpatrick (investors) of Artisoft Inc., 602-293-4000, ext. 3558/
 (ASFT) CO: Artisoft Inc. ST: California IN: CPR SU: OFR


AL-CH -- LA015 -- 7192 02/05/92 12:31 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 5, 1992
Words:153
Previous Article:THE KOREAN INVESTMENT FUND ANNOUNCES INITIAL PUBLIC OFFERING
Next Article:ATA RESUME BANK TO ASSIST FORMER AIRLINE MANAGERS
Topics:


Related Articles
ARTISOFT ANNOUNCES RECORD SALES AND EARNINGS FOR QUARTER ENDED DEC. 31, 1991
ARTISOFT ANNOUNCES SECONDARY STOCK OFFERING
ARTISOFT ANNOUNCES SECONDARY STOCK OFFERING
ARTISOFT INC. ANNOUNCES LETTER OF INTENT WITH PERFORMANCE TECHNOLOGY INC. FOR ACQUISITION AND MERGER
ARTISOFT INC.'S FOUNDER AND LARGEST
ARTISOFT INC.'S FOUNDER AND LARGEST
Artisoft Announces Stock Repurchase Program
Artisoft, HP OEM Deal Adds i.Share to New PC Line
Artisoft Modifies 'Poison Pill' Rights Plan
Voice Control Systems and Artisoft Join Forces to Launch Advanced Computer Telephony Speech Application Development.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters